On the financing side, there is still demand for lending towards logistics. Maarten Otte, Head of Investor Relations at CTP, talked to Property Forum at Expo Real about financing conditions and the developer’s ambitious plans for the future.

Czech BHM group continues its purchases in Slovakia. This time, according to Seznamzpravy.cz, the holding bought a logistics and production complex called Trenčín Industrial Park used by automotive suppliers. The group did not publish the price of the transaction. 

Most retailers want to attract customers in-store through omnichannel, while e-commerce is not meeting the expectations of food retailers, concluded speakers in the rediscovering retail panel of CEE Property Forum 2023, held in Vienna last month.

According to three independent sources of the daily e15, Microsoft will likely cancel its plans to build a data centre in Prague. "There is still some small hope, but it is more like wishful thinking on the part of the managers of Microsoft's domestic branch," one of the sources, who did not want to be named, described the project.

Negotiations with Indotek Group have resulted in the sale of 100% of the Hungarian activities of Nhood Services and Ceetrus Hungary to the Hungarian investment group, Nhood Hungary announced. It also confirmed that with this transaction Indotek has acquired a 47% stake in Auchan's Hungarian retail operations. Auchan has an extensive Hungarian network of 19 hypermarkets, 5 supermarkets, and 18 petrol stations.

P3 Group has released its condensed consolidated interim financial statements for the six-month period ended 30 June 2023. The company reported continued strong operational and financial performance. 

Octava has sold the Obrzeżna Center office building in Warsaw to a Polish investor. The price has not been disclosed. Avison Young and Savills jointly represented the seller.

It would be an unfavourable purchase, Prague councillors agreed in the case of the Jindřiška Tower, for which the Prague Archbishopric is demanding CZK 100 million (€4 million). This is twice as much as an expert's opinion, according to newstream.cz which commented on the original CTK report. 

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Duda Development has sold a Silesian retail park portfolio to a private investor. Avison Young represented the purchaser. The price has not been disclosed.